Online Car Startup Buys Competitor After Raising $95 Million

In what is considered a very inspired business move, the online used car sales startup Vroom won $95 million in equity and used a part of the money to buy Texas Auto Direct (TDA), a competitor known for developing software that reduces the time it takes to process and recondition used cars. The startup brings something new to the online car retailer market, because, unlike other companies, Vroom handles the entire transaction. Firstly, it…